Cashback Mortgage

Cashback mortgages are available on both new and renewing mortgages with Gulf & Fraser. If your mortgage is not yet up for renewal, don't worry, we can work with you on different options. 

The best part is for mortgages currently with Gulf & Fraser that are up for renewal, there is no requalification necessary and there is no increase to the amount of your mortgage. This is a great option to unlock some needed additional funds if you do not want to do an equity draw.

For new mortgages or mortgage renewals, our cashback mortgage is perfect to

✔ pay off higher interest debts
✔ take a once-in-a-lifetime trip
✔ invest
✔ make that big purchase
✔ renovations that can increase the value of your home

If you take a cashback mortgage at the time of renewal, all aspects of your mortgage renewal stay the same (amortization/loan amount) but you get 4% or 5% of your mortgage amount back in tax-free cash, which is offset by a premium charged to the rate.

No Blend and Extend Options: We are unable to do a blend and extend a mortgage with cashback until the term is complete.

Partial Cashback: Currently, we are only offering a 4% or 5% cashback option.

High Ratio Mortgages: Not available on high ratio mortgages at this time.

Other Terms and Conditions may apply: Talk to a Mortgage Relationship Manager to find out more.